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Your client would like to reduce the value of the family gross estate by transferring ownership of the family's second home to his daughter; however,

Your client would like to reduce the value of the family gross estate by transferring ownership of the family's second home to his daughter; however, he is worried that he and his wife may need to live in the house in the event they sell their primary residence (the primary residence is under contract for sale).

What type of trust will you recommend to them to deal with this potential?

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